Indian Stock Market Pre-Market Report 30 Sept 2025 | Nifty, Bank Nifty, Sensex, Gift Nifty & Top Stock Picks
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Pre-Market Report – 30th September 2025
The Indian stock market continues to remain in consolidation mode with bearish undertones, as indices ended weaker on 29th September 2025. The closing levels were:
- Nifty 50: 24,634.90
- Bank Nifty: 54,461.00
- Sensex: 80,364.94
- Fin Nifty: 26,007.00
The market has already seen a heavy correction in September, with Nifty slipping nearly 800–900 points from its highs. As we approach the end of the month and quarter, traders are eyeing short-covering moves, sectoral rotation, and RBI policy cues (scheduled for 1st October, Wednesday).
Gift Nifty this morning indicates a mildly positive open, suggesting that the market may attempt stability after last week’s volatility.
🌍 Global Market Cues
- US Markets: Wall Street ended mixed. Dow held steady, while Nasdaq slipped further due to profit-booking in tech stocks. Bond yields remain firm, capping upside momentum.
- Europe: European indices ended marginally higher; energy shares gained on expectations of higher fuel demand.
- Asia: Asian equities opened cautiously; Nikkei and Straits Times trade in green, Hang Seng remains weak.
- Crude Oil: Brent crude trades around $86.2/barrel, a crucial factor for Indian OMCs (Oil Marketing Companies).
- Gold: Spot gold stable at $2,048/oz, showing safe-haven interest.
- Dollar Index: Hovering near 105.8, keeping currency markets steady.
Takeaway: Global sentiment remains cautious but stable. Crude oil’s resilience is key, as it directly impacts HPCL, BPCL, and IOC.
📊 Technical Analysis of Key Indices
Nifty 50
- Close: 24,634.90
- Support: 24,500 – 24,380
- Resistance: 24,800 – 25,050
- Nifty remains weak below 24,800. Hourly charts show oversold RSI, indicating the possibility of a short-covering bounce. If 25,050 is crossed, momentum may revive.
Bank Nifty
- Close: 54,461.00
- Support: 54,000 – 53,800
- Resistance: 54,900 – 55,300
- Bank Nifty is consolidating after sharp falls. PSU banks are holding stronger compared to private banks. Traders are eyeing RBI policy outcome for further clarity.
Sensex
- Close: 80,364.94
- Support: 80,000 – 79,600
- Resistance: 81,000 – 81,500
- Sensex has corrected from 82,100 resistance and is now hovering near crucial support. A break below 80,000 may extend weakness.
Fin Nifty
- Close: 26,007.00
- Support: 25,800 – 25,600
- Resistance: 26,200 – 26,450
- Fin Nifty is trying to stabilize above 26,000. Expiry-driven moves likely.
Gift Nifty Outlook
Gift Nifty signals a range-bound to mildly positive start, reflecting potential short-covering bounce after last week’s selling. Focus will remain on OMCs (HPCL, BPCL) and PSU banks.
🏭 Sectoral Outlook
| Sector | Bias | Key View |
|---|---|---|
| Oil & Gas (OMCs) ⛽ | ✅ Positive | HPCL & BPCL forming bullish reversal patterns. |
| Banking (PSU) 🏦 | ✅ Positive | SBIN, Canara Bank, Bank of Baroda, PNB, Indian Bank in focus ahead of RBI policy. |
| IT 💻 | ❌ Weak | Pressure continues due to global headwinds and visa concerns. |
| FMCG & Consumption 🍴 | ⚖️ Neutral | Likely sideways; GST 2.0 narrative supportive. |
| Metals ⛏️ | ⚖️ Neutral | Stable commodity prices; selective momentum. |
🔥 Stocks & Strategies to Watch
1. Hindustan Petroleum (HPCL CMP ₹441)
- Buy: 40% at CMP, add more near ₹420–410.
- Stop Loss: ₹390.
- Targets: ₹460 → ₹500 → ₹550 → ₹600.
- Setup: Higher time-frame support + inverted Head & Shoulders pattern formation.
- Timeframe: Next quarterly candle (medium-term).
2. BPCL (CMP ₹338)
- Buy: 40% at CMP, add near ₹318.
- Stop Loss: ₹300.
- Targets: ₹356 → ₹380 → ₹400 → ₹430.
- Setup: Strong support zone, inverted H&S structure similar to HPCL.
- Outlook: Positive risk-reward; upside could accelerate post-RBI policy.
3. PSU Banks on Radar
- Stocks to Watch: SBIN, Canara Bank, Bank of Baroda, Indian Bank, PNB.
- Reason: Building momentum; F&O expiry + RBI policy trigger.
- Technical Bias: Short-term bullish with higher lows forming on charts.
⚡ Market Strategy for 30th September 2025
- Focus on OMCs (HPCL, BPCL): Both charts show strong reversal setups with higher time-frame supports. Attractive for positional trades.
- PSU Bank Momentum: With RBI policy on 1st Oct, expect pre-event build-up in PSU bank stocks.
- Avoid Heavy IT Exposure: Sector remains under pressure globally.
- Short-Covering Play: After continuous fall, indices may see relief rally toward resistance zones.
- Risk Management: Keep strict stop-loss levels (Nifty below 24,500 = cautious mode).
✅ Conclusion
As of 30 September 2025, the Indian stock market is set for a stabilizing session after heavy declines in recent weeks. With Gift Nifty indicating a steady open, focus shifts to stock-specific plays.
Hindustan Petroleum (HPCL) and BPCL are in strong technical reversal setups, supported by higher time-frame charts and inverted Head & Shoulders patterns. PSU banks like SBI, Canara Bank, Bank of Baroda, Indian Bank, and PNB are gaining momentum ahead of the RBI policy announcement on 1st October.
Overall, traders should adopt a selective long bias in OMCs and PSU banks while maintaining caution in IT. A relief rally is possible, but the broader trend remains under pressure until Nifty crosses above 25,050.
Trading Mantra: Buy quality stocks near support, focus on sectoral momentum, and keep eyes on RBI policy outcome.
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Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
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